Frequently Asked Questions:
The global temperature sensitive packaging market was valued at USD 35.1 Billion in 2022.
The temperature sensitive packaging market is anticipated to grow at a CAGR of 18.8% between 2023 and 2030, reaching USD 117.22 Billion in 2030.
Passive systems are the leading segment by system type, holding over 52% share in terms of value in 2022.
The insulated shipper segment governs the demand for temperature sensitive packaging worldwide, holding a massive share of over 38% in 2022.
The pharmaceutical & biotechnology segment will post the highest CAGR in the forecast period.
Asia Pacific is fuelling the rapid growth of the temperature sensitive packaging industry, with an over one-third share in 2022.
The top market players include Cold Chain Technologies LLC, Softbox Systems, Inmark LLC, and FedEx Corporation. Other major players include Sonoco Products Company, Pelican BioThermal LLC, Sofrigam SA, and United Parcel Service Inc.
The primary market drivers of the temperature sensitive packaging industry include rising demand for temperature-sensitive items, stringent product safety standards, and the requirement for dependable cold-chain logistics.
The major market restraints of the temperature sensitive packaging industry include the high cost of these packaging solutions, complex regulatory requirements, and challenges related to maintaining product integrity during long-distance transportation.
The major market opportunities in the temperature sensitive packaging industry include advancements in insulation materials and technologies, expanding pharmaceutical and biotech sectors, and the growing adoption of temperature-sensitive packaging in emerging markets.